affiliated business arrangement disclosuredear client...

1
Affiliated Business Arrangement Disclosure Dear Client: Thank you for choosing Keller Williams Arizona Realty to assist you in the purchase or sale of your home or other property. We know that you have a choice when selecting real estate professionals to guide you and we appreciate that you have chosen us. In order to facilitate your transaction, Go Big, LLC; the owner's of Keller Williams Arizona Realty, has teamed up with the following companies in the area of lending, escrow and title services. As part of our compliance with RESPA, the Real Estate Settlement Procedure Act, we must disclose to you that Keller Williams Arizona Realty may receive a financial or other benefit as a result of our marketing agreements with the following firms: Escrow and Title Services: Fidelity National Title: Provides title insurance and title-related services. Security Title: Provides title insurance and title-related services. Nextitle: Provides title insurance and title-related services. Based on a search of public records, these services bring to your attention potential problems, if any, with the property's title. Depending on the scope of coverage purchased, these companies provide insurance against losses resulting from title problems not found during the search, if any. Title insurance premiums range from $350.00 to $4000.00 depending upon sales price. Escrow services range from $350.00 to $1400.00 depending on sales price. Additional title and escrow fees apply when the sales price exceeds $1,200,000.00. Your actual charge for settlement services will be disclosed to you on your Good Faith Estimate (GFE) prior to closing. Lending Services: Waterstone Mortgage: Provides mortgage lending services. AmeriFirst: Provides mortgage lending services. Movement Mortgage: Provides mortgage lending services. These companies provide loan brokerage, origination and mortgage banking services to ensure you select the right home loan to fit your needs and budget. Generally, the lender is allowed to require you, as the borrower, to pay the costs of those services. Loan Origination Charges 0-3% loan amount Discount Fees (points) 0-3% loan amount Tax Service Fee (annual) $0-$83.00 Underwriting $0-$350.00 Documents $0-$300.00 Processing $0-$595.00 Your actual charges for these services will be disclosed to you on your Good Faith Estimate (GFE). You are NOT required to use the listed provider(s) as a condition of purchasing your property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICE AND THE BEST RATE. By signing below, I acknowledge that I have received a copy of the Affiliated Business Arrangement Disclosure and that, if one of the above named firms is part of my transaction, Keller Williams Arizona Realty may receive a financial or other benefit as a result of their relationship. _______________________________________________ ________________________________________________ Seller Signature Date Buyer Signature Date _______________________________________________ _________________________________________________ Property Address Revised 5-6-2014 Seller Signature Date Buyer Signature Date

Upload: others

Post on 24-Aug-2020

7 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Affiliated Business Arrangement DisclosureDear Client ...l.b5z.net/i/u/6053616/f/Arizona_Forms/Arizona_KW_ABAD.pdf · Discount Fees (points) 0-3% loan amount Tax Service Fee (annual)

Affiliated Business Arrangement DisclosureDear Client:

Thank you for choosing Keller Williams Arizona Realty to assist you in the purchase or sale of your home or otherproperty. We know that you have a choice when selecting real estate professionals to guide you and we appreciatethat you have chosen us.

In order to facilitate your transaction, Go Big, LLC; the owner's of Keller Williams Arizona Realty, has teamed upwith the following companies in the area of lending, escrow and title services. As part of our compliance withRESPA, the Real Estate Settlement Procedure Act, we must disclose to you that Keller Williams Arizona Realty mayreceive a financial or other benefit as a result of our marketing agreements with the following firms:

Escrow and Title Services:Fidelity National Title: Provides title insurance and title-related services.Security Title: Provides title insurance and title-related services.Nextitle: Provides title insurance and title-related services.

Based on a search of public records, these services bring to your attention potential problems, if any, with theproperty's title. Depending on the scope of coverage purchased, these companies provide insurance against lossesresulting from title problems not found during the search, if any.

Title insurance premiums range from $350.00 to $4000.00 depending upon sales price. Escrow services range from$350.00 to $1400.00 depending on sales price. Additional title and escrow fees apply when the sales price exceeds$1,200,000.00. Your actual charge for settlement services will be disclosed to you on your Good Faith Estimate(GFE) prior to closing.

Lending Services:Waterstone Mortgage: Provides mortgage lending services.AmeriFirst: Provides mortgage lending services.Movement Mortgage: Provides mortgage lending services.

These companies provide loan brokerage, origination and mortgage banking services to ensure you select the righthome loan to fit your needs and budget. Generally, the lender is allowed to require you, as the borrower, to paythe costs of those services.

Loan Origination Charges 0-3% loan amountDiscount Fees (points) 0-3% loan amountTax Service Fee (annual) $0-$83.00Underwriting $0-$350.00Documents $0-$300.00Processing $0-$595.00Your actual charges for these services will be disclosed to you on your Good Faith Estimate (GFE).

You are NOT required to use the listed provider(s) as a condition of purchasing your property. THERE AREFREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TOSHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICE AND THE BEST RATE.

By signing below, I acknowledge that I have received a copy of the Affiliated Business Arrangement Disclosure andthat, if one of the above named firms is part of my transaction, Keller Williams Arizona Realty may receive afinancial or other benefit as a result of their relationship.

_______________________________________________ ________________________________________________Seller Signature Date Buyer Signature Date

_______________________________________________ _________________________________________________

Property AddressRevised 5-6-2014

Seller Signature Date Buyer Signature Date